CIMB gets nod for investment bank ops in Philippines


CIMB Group is the fifth largest banking group in Asean (by assets), with an extensive regional footprint and a commendable universal-banking franchise.

PETALING JAYA: CIMB Group Holdings Bhd’s unit, CIMB Group Sdn Bhd, has received the necessary approvals from the Philippines’ Securities and Exchange Commission to establish an investment banking business there.

“This (approval) includes the receipt of the Certificate of Incorporation and the Certificate of Registration for an Investment House licence,” it said in a filing with Bursa Malaysia.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , CIMB , PLP Group , Philippines , Bancom , subsidiary , invest ,

Next In Business News

Citaglobal wins two infrastructure projects totalling RM82.7mil
Ringgit ends lower amid profit-taking, lack of fresh market catalysts
MN Holdings wins RM177mil contract from TNB
AmanahRaya REIT completes RM390mil issuance under RM2bil MTN programme
Greenyield appoints Tham Kin Shun as acting MD
AME Elite to sell Johor industrial properties to CapitaLand Malaysia Trust for RM220.8mil
Kim Loong to acquire 75% stake in Kim Loong Mills Sarawak for RM10mil
George Kent wins RM34.5mil contract from Prasarana
FBM KLCI ends at intraday high, marks 16-month high
Gold breaks US$4,400 for first time on Fed rate-cut bets, silver hits new high

Others Also Read